Lingering Interest Rate Uncertainty May Weigh on Wall Street

[ADVFN]( [[Global Email] World Daily Markets Bulletin]( Wednesday, 08 May 2024 09:14:44 [ADVFN Twitter]( [Monitor]( [Quote]( [Charts]( [News]( [Toplists]( [Boards]( US Market Bitcoin [Bitcoin]( DAX [DAX]( Dow Jones [Dow Jones]( Nasdaq [Nasdaq]( The major U.S. index futures are currently pointing to a lower open on Wednesday, with stocks likely to move to the downside after ending yesterday?s lackluster session narrowly mixed. Lingering uncertainty about the outlook for interest rates may weigh on the markets following Tuesday?s remarks by Minneapolis Federal Reserve President Neel Kashkari. Kashkari suggested interest rates may need to remain at current levels for an ?extended period? and said he couldn?t rule out another rate increase. The Federal Reserve is still widely expected to lower rates sometime in the third quarter, although traders may take the opportunity to cash in on some of the recent strength in the markets. While the major averages ended yesterday?s trading narrowly mixed, they all remain at their best levels in about a month. Non... [Read More]( --------------------------------------------------------------- Do you day trade? Trader Alerts streams stocks reaching new highs and lows as well as stocks breaking out of previous volume highs as they happen. It's a powerful tool for day trading ideas. [Learn More / Upgrade]( --------------------------------------------------------------- U.S. Economic Reports CADUSD [CADUSD]( Oil [Oil]( Gold [Gold]( EURUSD [EURUSD]( The Commerce Department is due to release its report on wholesale inventories in the month of March at 10 am ET. Wholesale inventories are expected to decrease by 0.4 percent. At 10:30 am ET, the Energy Information Administration is scheduled to release its report on oil inventories in the week e... [Read More]( --------------------------------------------------------------- Stocks in Focus Shares of Uber Technologies (UBER) are moving sharply lower in pre-market trading after the ride-hailing giant reported an unexpected first quarter loss on weaker than expected booking revenue. Cl... [Read More]( --------------------------------------------------------------- [Sell every Stock except ONE]( Markets are down... But Jeff Clark couldn't care less because he ignores almost every stock in the market except ONE. He lives financially free trading this One Stock Once per month... [Ticker Revealed.]( --------------------------------------------------------------- Europe European stocks have moved higher on Wednesday, as investors continue to assess the prospects for interest rate cuts following last week's weaker-than-expected U.S. jobs report. It seems that markets have shrugged off comments from Federal Reserve Bank of Minneapolis President Neel Kashkari, who said Tuesday that rates will likely stay high for an "extending period" and that he will support a hike if inflation stalls near 3 percent. In economic news, Destatis reported earlier today that German industrial production dropped in March on weak consumer and intermediate goods output. German industrial production declined 0.4 percent on a monthly basis, i... [Read More]( --------------------------------------------------------------- Asia USDCAD [USDCAD]( USDEUR [USDEUR]( USDGBP [USDGBP]( USDJPY [USDJPY]( Asian stocks ended Wednesday's session on a muted note as the Chinese stock rally paused and the Israel-Hamas ceasefire deal faced uncertainty. The dollar regained momentum after Minneapolis Fed President Neel Kashkari cautioned that interest rates are likely to remain on hold for an extended period. The dollar's strength weighed on bullion while oil prices fell over 1 percent in Asia trading after data from the American Petroleum Institute pointed to rising stockpiles. Chinese markets fell on profi... [Read More]( --------------------------------------------------------------- Commodities Crude oil futures are tumbling $1.06 to $77.32 a barrel after edging down $0.10 to $78.38 a barrel on Tuesday. Meanwhile, an... [Read More]( --------------------------------------------------------------- To unsubscribe from this news bulletin or edit your mailing list settings click [here](. Registered Office/Accounts Dept: Suite 27, Essex Technology Centre, The Gable, Fyfield Road, Ongar, CM5 0GA. Customer Support +1 888-992-3836. Company registered in England and Wales: Number 2374988 VAT No. GB 549 2130 49